Class 1 Loans Sample Clauses

Class 1 Loans. 40% Class 2 Loans........... 35% Class 3 Loans........... 30% Class 4 Loans........... 30% Notwithstanding the percentages set forth in the preceding table:

Class 1 Loans. 67.5% Class 2A Loans........ 65.0

Class 1 Loans. 45% Class 2 Loans........ 45% Class 3 Loans........ 45% Class 4 Loans........... 40% Class 5 Loans........... 40% Notwithstanding the percentages set forth in the preceding table: if such Collateral Loan is a First Lien Loan that is a Recurring Revenue Loan, the Administrative Agent will assign an Advance Rate in its sole discretion; any First Lien Last Out Loans with a First Out Leverage greater than 2.00:1.00 will be assigned the percentages set forth in the preceding table corresponding to Second Lien Loans of the Loan Class applicable to such Collateral Loan; the Advance Rate of any First Lien Last Out Loans, or First Lien Loans that are not Recurring Revenue Loans, with a Senior Net Leverage Ratio exceeding the First Lien Senior Leverage Cut-Off will be a blended rate, calculated as follows: the portion of such First Lien Loan or First Lien Last Out Loan up to the First Lien Senior Leverage Cut-Off will be assigned the percentage set forth in the preceding table corresponding to First Lien Loans of the Loan Class applicable to such Collateral Loan; the portion of such First Lien Loan or First Lien Last Out Loan above the First Lien Senior Leverage Cut-Off up to the First Lien Senior Leverage Cap will be assigned the percentage set forth in the preceding table corresponding to Second Lien Loans of the Loan Class applicable to such Collateral Loan; and the portion of such First Lien Loan or First Lien Last Out Loan above the First Lien Senior Leverage Cap will be assigned an Advance Rate of zero; portions of First Lien Loans or First Lien Last Out Loans assigned a percentage set forth in the preceding table corresponding to Second Lien Loans will be treated as First Lien Loans or First Lien Last Out Loans, respectively, and not be treated as Second Lien Loans for all other purposes hereunder, including for purposes of calculating Concentration Limitations; for the purposes of determining Advance Rates, the Senior Net Leverage Ratio of a Collateral Loan will be based on the senior leverage of the Obligor on the date the Administrative Agent has approved an Approval Request for such Collateral Loan pursuant to Section 2.02 of the Revolving Credit Agreement as of the most recent Relevant Test Period with respect to such Collateral Loan prior to such date or, after the occurrence of a Revaluation Event, as of the most recent Relevant Test Period with respect to such Collateral Loan; if such Collateral Loan is a Cap Adjusted Loan, the Administrative Agent ma...